JPMREIT has acquired two residential properties: The Preserve at Pine Valley in Wilmington, NC (219 units) and Bass Lofts in Atlanta, GA (133 units), for a combined total of $66.9 million. These acquisitions represent the trust's 5th and 6th investments in the residential sector, targeting high-growth markets with strong economic and demographic trends. The purchases align with JPMREIT's strategy of investing in attainable housing assets in regions experiencing population growth and firming rental rates.